Fifth District Bancorp (NASDAQ:FDSB) Announces Quarterly Earnings Results

Fifth District Bancorp (NASDAQ:FDSB) released its earnings results on Monday. The company reported $0.07 earnings per share (EPS) for the quarter, Zacks reports. Fifth District Bancorp had a net margin of 10.10% and a return on equity of 2.01%.

Fifth District Bancorp Stock Down 0.1%

NASDAQ FDSB traded down $0.02 during midday trading on Monday, hitting $13.16. 14,833 shares of the company traded hands, compared to its average volume of 9,480. The company has a market cap of $73.14 million, a PE ratio of 25.79 and a beta of 0.53. The company’s 50-day simple moving average is $13.64 and its 200-day simple moving average is $13.04. Fifth District Bancorp has a 52 week low of $11.35 and a 52 week high of $15.64. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.03 and a quick ratio of 1.03.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fifth District Bancorp in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Fifth District Bancorp currently has a consensus rating of “Sell”.

Fifth District Bancorp announced that its Board of Directors has authorized a stock repurchase program on Monday, August 25th that allows the company to repurchase $550,000.00 in shares. This repurchase authorization allows the company to buy up to 0.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

About Fifth District Bancorp

Fifth District Bancorp, Inc is the holding company for Fifth District Savings Bank which provide all banking services. Fifth District Bancorp, Inc is based in NEW ORLEANS.